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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOW FROM OPERATING ACTIVITIES      
Net income (loss) $ 99 $ 429 $ (262)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 471 502 544
Net derivative loss (gain) from commodity contracts 59 (1) 90
Net proceeds (payments) on settled commodity derivatives 111 (228) (7)
Net gain on early extinguishment of debt (126) (57) (4)
Amortization of deferred gain (70) (76) (74)
Gain on asset divestitures 0 (5) (21)
Other non-cash charges to income, net 131 97 77
Dry hole expenses 7 16 2
Changes in operating assets and liabilities, net:      
Decrease (increase) in trade receivables 22 (23) (45)
(Increase) decrease in inventories 0 (6) 2
Increase in other current assets (1) (9) (2)
Decrease in accounts payable and accrued liabilities (27) (178) (52)
Net cash provided by operating activities 676 461 248
CASH FLOW FROM INVESTING ACTIVITIES      
Capital investments (455) (690) (371)
Changes in capital investment accruals (85) 69 27
Asset divestitures 164 18 33
Acquisitions (6) (547) 0
Other (12) (6) (2)
Net cash used in investing activities (394) (1,156) (313)
CASH FLOW FROM FINANCING ACTIVITIES      
Proceeds from 2014 Revolving Credit Facility 2,330 2,823 1,696
Repayments of 2014 Revolving Credit Facility (2,353) (2,646) (2,180)
Proceeds from 2017 Term Loan 0 0 1,274
Payments on 2014 Term Loan 0 0 (650)
Debt repurchases (156) (199) (116)
Debt transaction costs (2) (4) (42)
Contributions from noncontrolling interest holders, net 49 796 98
Distributions paid to noncontrolling interest holders (151) (121) (8)
Issuance of common stock 4 54 3
Shares canceled for taxes (3) (11) (2)
Net cash (used) provided by financing activities (282) 692 73
(Decrease) increase in cash 0 (3) 8
Cash—beginning of year 17 20 12
Cash—end of year $ 17 $ 17 $ 20